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Slow recovery off a late NY low of......>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Slow recovery off a late NY low of $1.1574 extended to $1.1592 in
Asia before momentum faltered. Rate dropped to $1.1572 in late Asia before early
Europe extended the correction to $1.1566. Italy has approved its Budget and now
awaits comment from the EU. Risk enjoying some mild relief as Asian equity
markets performed well but markets wary with concern over US-Saudi relations,
Brexit and the Italian Budget. Support seen at Monday's hourly lows of $1.1558
and $1.1543. Resistance $1.1590/1.1600 ahead of Monday's high of $1.1606.
Germany ZEW survey due at 0900GMT. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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